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City Review

Manila City Review

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About This Report

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

Manila, the third biggest metropolitan area in the world, with 25 million residents in 2016, is the economic powerhouse of the Philippines. In 2016, the city generated a GDP of USD141 billion, accounting for 47% of the national total. The city faces numerous social and economic problems, in particular low levels of disposable income and poor quality housing.

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MANILA HIGHLIGHTS

Manila is the economic leader of the Philippines and in 2016 posted over 164% greater labour productivity levels (GVA per employee) when compared with the remaining parts of the country. The city derives its superiority from the prominence of high value-added jobs in business services (27% of the total GVA share came from business services in 2016, versus 16% in the rest of the country).

Higher disposable income

The economic superiority of Manila resulted in its disposable income per household being 71% higher than in the rest of the Philippines in 2016. However, the unemployment rate in Manila in 2016 stood at 7.1%, while in the rest of the country it was 4.8%, which somewhat diminishes average household earnings in the capital.

Greater expenditure on city infrastructure-related areas

Higher disposable incomes in Manila are reflected in higher consumer expenditure. In 2016, the average household in Manila spent 85% more on goods and services than households in the rest of the country, the difference being particularly evident in city infrastructure-related areas such as communications (142% higher expenditure in Manila than in the rest of the country) and housing (138%).

Annual expenditure per household is forecast to grow

Over 2016-2021, spending on education (+32% growth in consumer spending), hotels/restaurants (+30%) and healthcare (+28%) is forecast to see the most dynamic growth among consumer categories in Manila. Total expenditure overall per household annually is forecast to grow from USD14,400 in 2016 to USD17,600 in 2021.